欢迎您！东篱公司
退出
-
申报数据库
-
立项数据库
-
成果数据库
-
项目获奖数据库
中文摘要：
在详细分析询价制度下新股发行定价过程的基础上，针对询价发行方式下产生的新股价格行为特征进行了实证分析，结果发现我国新股发行定价过程中存在着显著的正向偏离和与国外成熟股票市场相同的“有偏调整”特征，对这些价格行为特征进行的实证研究表明询价过程中存在对信息揭示者的价格补偿和数量补偿。我国的新股询价机制在揭示新股真实价值方面具有较好作用。
英文摘要：
The process of making sure of the stock price .issued by book-building method was analyzed, and then two multivariable models for Chinese new issues by book-building method were built. On the basis of them, the study to the price behavior of new issues indicates that there are positive revision and partial adjustment phenomena in Chinese stock market. The study to these phenomena shows that there are evident price and quantity compensation in the issue process, and new book-building method implemented by China could attract informed-investors to open out their private information.
同期刊论文项目
同项目期刊论文
期刊信息
位置：